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In August of this year, the national unemployment rate was 10.6% and the urban unemployment rate was 10.8%. In seasonally adjusted terms, compared to the previous month, the unemployment rate remained relatively stable at the national and urban levels. The labor market showed a weak improvement in August.
September 23, 2022
Spain |The labour market reform changes the sectoral distribution of contracts by duration
The labour market reform changes the sectoral distribution of contracts by duration: those sectors with a greater weight in shorter duration contracts, such as Accommodation and food service activities and Agriculture, forestry and fishing, lose importance and the rest of the activities gain it.
Book edited by BBVA Research, BBVA Foundation and the National Population Council (CONAPO) made up of 10 chapters that addresses the main statistics on the multiple migratory flows and human mobility, and remittances at a global level, with an emphasis on Mexico.
Social Security enrollment declined (190.000), unemployment increased (40.400) and temporary employment practically stagnated. Seasonally adjusted, this pattern continued: employment fell again (-20.000), while unemployment rose for the third time in a row (15.000) and temporary employment remained stable.
Seven months after its entry into force, the labor reform has many bright spots, but also some shadows. Continuous evaluation could prevent the reduction in temporary employment from being overshadowed by the increase in turnover and the partial nature of new permanent contracts.
The reform of the Foreigners' Regulation may be a step forward in allowing companies to access human capital, easing the restrictions imposed on the Spanish economy by the expected drop in population and the mismatch between demand and supply in some parts of the labor market.
This Working Paper briefly describes the latest update of the sectoral module of the RegData FEDEA-BBVA, with the main Regional Accounts Indicators.
In June 2022, the national and urban unemployment rates were 11.3% and 11.7%, respectively. The seasonally adjusted comparison with respect to the previous month shows an increase in both rates. Job creation slowed and the population outside the labor force increased, generating alerts in the labor market.